Quick loans
How quick are quick loans?
If you have ever considered applying for a loan, especially if you need a quick loan, you may be put off by the length of time you think it will take.
If you have not applied for a loan for some time, you may have bad memories of lots of forms to fill in, documents to copy, a face to face interview, then a long wait to see if your application has been approved.
There’s nothing quick about that! But times have changed, and now a quick loan is not only possible, but is the rule rather than the exception.
For example...
If you need a quick loan from Loans 2 Go, you can apply directly to us online at any time that suits you. Our eligibility checker will give you an instant decision on whether you have been provisionally accepted without it affecting your credit score. If successful you can complete the application form and if approved get the money into your account, the same day (subject to working hours).
What can quick loans be used for?
A quick loan can be used for more-or-less any purpose that you need. Some of the most common reasons people take out a quick loan are:
No matter how well you plan, situations like the above can be completely unanticipated. Unfortunately most of them also require urgent attention.
Who is eligible for quick loans?
If you are asking this question you might be worried that your credit score may not be high enough to be approved for a quick loan. But this in itself may not prevent us from lending to you.
As a responsible lender, our main priority is to ensure that you are able to afford the repayments on your quick loan. So as part of the application process we will do credit and affordability checks to make sure that this is the case.
To apply for a quick loan with Loans 2 Go you need to be:
- Aged 21 or over;
- Currently in employment with a regular income;
- A UK bank account with a debit card;
- A UK resident, either as a homeowner, tenant, or living with your parents.
How much can I borrow with quick loans?
Repayments can be made by either weekly, fortnightly or monthly instalments. We accept payment by Continuous Payment Authority debit card repayments or through our online payment portal.
We do not charge set up fees for our quick loans, and there would be no penalty should you decide to repay all or part of your quick loan early.
How do I apply for a quick loan?
It’s easy to apply for a quick loan from Loans 2 Go. There are three initial steps:
- Click Get Started and select the amount of money you want to borrow.
- Complete the eligibility form and see if you’re provisionally accepted.
- If successful you can complete the full application form.
If you are approved for a quick loan, we aim to transfer the money to your account the same working day (subject to working hours).
Personal loans | 18 or 24 months
Life is full of ups and downs, and sometimes things just don’t go to plan.
£250 - £2,000
personal loans
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secure
Money
same day
FAQ
At Loans 2 Go you can see if you’re likely to qualify for a loan using our eligibility checker. This is a soft search and will not impact your credit score. If provisionally accepted and you complete our full application then, as a responsible lender, we undertake credit checks to establish the loan is affordable.
Once your application has been approved, you will normally receive the money the same day subject to our working hours. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.
Representative example: If you borrow £550 over 18 months at a flat rate of 168% per annum (fixed) with a representative 679% APR you will make 18 monthly payments of £107.56, repaying £1,936.08 in total. The rate and / or term you are offered is dependent on your individual circumstances.
Warning: Late repayment can cause you serious money problems. For independent help, please go to www.moneyhelper.org.uk
